​On January 17th the provincial government announced that it plans to introduce interim legislation during the 2020 Spring Session which would give municipalities the ability to exempt a portion of the value of a select number of commercial properties from the full effects of property taxation; easing the tax burden for their tenants responsible for property taxes through their commercial leases.
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The current practice of assessing properties on their highest and best use for potential future redevelopment as designated in a municipality’s official community plan, versus their current use, and of assessing total potential future property at a business rate can create a challenging situation for independent property owners who do not have the available capital to re-develop their property to its highest and best use now; nor to wait out the often multi-year municipal development approval process.

Dear Members,
 
2019 was a growth year for your Chamber and I am grateful for the opportunities over this past year to meet many of you and learn about your businesses and how they contribute to the well-being of our community. I appreciate your trust and commitment to work with your Delta Chamber and help us grow a stronger business network and create positive changes for Delta.